Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1887-06-24
FINANCIAL
pRw y0Rx BALTIMORE, AND sIoz.
NoHD STOCK EXCHANGES,
srsin. Provisions, Cotton. fsbssss, Tsr.
psntins, Rosin, Tar, sn1
Peanut Ksrkstr.
Br telegraph TO the pIspa,ch.l

NEW YORK, June 3--The transactions 1T tho
Stock Exchange to-day were the largest TOT
weeks. but the increase was entirely ~ the OK
rense OF quotations. The uneasy feeling over
western failures was aggravated this morning
by rumOrs 10 the effect that the American hA-
change Bank Of Chicago was In trouble, ana
although the story was promptly donled. some
selling was INDUCED In and In the absence OF
any support whatever. London doing nothing.
and out-of-town orders being delayed By the ID
tcrrupticn Of Geographic communication, tue
hearing rOOm-traders made most oil their ai-
vantage and attacked the liz; at every Vuinera-
bic uCiut Numerous stop orders were uncov-
ered. especially IN Jersey Central and Rich.
moni Terminal. Other rumOrs OF damaging
character were set aiiOat one SAtng tnht tue
vice president aud manager OF inc fldeliy
BauS had been a heavy Spectator IN the
stock market and that his holdings were
being realized upon. II reported tha' me
dividend on Richmond Terminal preferred
would 10 enlo.ned. and aIthoGgn su'h
proceeding would he 10 dctrimeni 10 the COM
non stock the latter was depressed by tue
story ard The selling Of the coar clique Ia that
stock. New II gland was raided upon report
Of calling I'm Of O large loan on stock ny "A Dos
ton tank, Money Wa manipulated up 20 ID per
cent. aud In the general cOntuslOn tho an
uOuncemeuto Of favorable feature meg with no
recognition. The market was kept in teyerish.
and at times even panicky state throughout
the day. and fecOycrios at different periods
lacked force aud amounted 10 little. me open
ing Wps steady ana Qulef. ana lhe uiafhes pre-
scented the same general features usual OF lalo;
though New England early developed marked
weakness which soOn extended 10 the entire
list After no end Of the first hour the down
ward movement assumed large pr0pOrton3,
and New England, Jersey Central, Richmond
Terminal, and seyeral Otho@s became conSplcu-
Gus for declines established. while tho amount
Of bus mess done underwsnta heavy increase. A
general reaction was had after noon. bat the
gains were confined "a fractions. 81 Paul lei OF
on HE decline which followed and prices were
further depressed before F. W., when the
lowest figures Of the day were generally
reached. Tho activity was largely reduced on
the succt cding rally, but tho decline Was re-
newod In the last hour, and although the close
was on q recovery from this decline the market
was weak, with many STOCKS at the lowest
prices. fetal sales, 2C0O shares. Tho entire
active list without exception, Is lower this
evening, the heaviest losses being New Eng
land. 90: Richmond Terminal, -, ON aha,
Ia; Canada southern, Wheeling and Lake
Erie jersey Central, and Union Pacific. Ii
each; Missouri Pacific, Ia; S. Paul. Rea1ihg,
and Northern Pacific preferred, IA; North
western aud Western Union, u; Oregon
TranscOntinental, Lake Shore, Kansas and
Texas, and Lacsawana, por cent. each.
Aoon.-StOcEs active ami weak. money easy
at 5a6 per cent Exchange-LOng, 1874; short.
49, Governments dun.
EUeHUG.-EXchange dun and unchanged.
Money very tight at 6 10 Is per cent, closing AT
- bid. Sub-lreasury balances-iold. $780,
O9aOl0; currency, sl5.5i6OO0. Governments
dull: per cents, l29h ~ per cent?, lO9a.
SfOfe bonds dun.